High Liner Foods (High Liner Foods) ROCE % : 6.78% (As of Dec. 2023)

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What is High Liner Foods ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. High Liner Foods's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.78%.

High Liner Foods ROCE % Historical Data

The historical data trend for High Liner Foods's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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High Liner Foods ROCE % Chart

High Liner Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.75

8.89

10.00

12.68

8.79

High Liner Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.70	12.87	7.02	8.30	6.78

High Liner Foods ROCE % Calculation

High Liner Foods's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	58.799	/	( ( (1003.486 - 336.351)	+	(834.399 - 163.365) )	/ 2 )
	=	58.799	/	( (667.135	+	671.034)	/ 2 )
	=	58.799	/	669.0845
	=	8.79 %

High Liner Foods's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	45.636	/	( ( (854.833 - 179.596)	+	(834.399 - 163.365) )	/ 2 )
	=	45.636	/	( ( 675.237	+	671.034 )	/ 2 )
	=	45.636	/	673.1355
	=	6.78 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

High Liner Foods (OTCPK:HLNFF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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High Liner Foods (High Liner Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » High Liner Foods Inc (OTCPK:HLNFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

28Y:Germany HLF:Canada

Address

100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0

Website

https://www.highlinerfoods.com

High Liner Foods Inc is a Canadian company which is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company sells its products to institutions, health care facilities, and quick-service family and casual dining establishments. Its foodservice brands include High Liner Culinary, Mirabel, FPI, Viking, American Pride, High Liner, Fisher Boy, Sea Cuisine and others.